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and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today, up 32 points. more than a 1% gain, although it is off its highs of the day at 3019, and the s&p 500 index is 8 plus points at 1426. the word on the street is because of the fiscal cliff, some investors are actually selling the winners, the winning stocks, and they are holding on to the poor performers, the opposite what have they have been doing the last few years. maria? >> makes a lot of sense given the fact that tax les go higher on capital gains. you want to get out of some of those names. let's find out how you should be investing 20 days away from the deadline. in today's "closing bell" exchange, carol roth with us, rich peterson from is & p, jonathan corpina from meridian equity partners and our own rick santelli. good to see you all. jonathan, we'll kick this off with you. what's the right strategy going into these negotiations and going into year end? >> running out of time at this point, and as
harry reid warned it will be tough to reach a deal to avoid the fiscal cliff before christmas. we all note deadline, december 31. take a look at how we're finishing the day. the dow jones industrial average up about 80 points today. it was higher, much higher than 100 points earlier today, up two-thirds of 1%. volume on the light side this afternoon. nasdaq composite picked it up. technology up better than 1%. s&p 500 also on the upswing. markets maintaining steady gains all day long. david kudlow and bob pisani and barbara from the street. welcome to all of you. what about coming off the best levels? >> hitting search-week highs. 13,245 is where we ended the night of election and waiting for it to settle out. 13,248, so we are exactly where we were when the elections closed. i think the important thing is as long as there is some indication that they are talking the markets are holding up very well. i think the concern is after a deal happens, i think we'll have it, what will happen after, that and a lot of people are worried now that austerity is coming. that's a negative for stocks
-breaking senate stopping heights. so what do you do? if you are harry reid, lead other telephone democrats in the senate, you try to reform it. and if you're mitch mcconnell, the republican leader who is using it all the time because it is your main kind of power you try to stop reform of it. now there are a couple of plans for changing the fill buster to make it less common or more difficult or even to eradicate it all together. first, there is a lawsuit. a real one. it is in the courts and everything for house democrats and a good governance group called common cause are suing the senate. that court case began this weekend in washington. they argue the filibuster is illegal because it infringes on what they see as a constitutional guarantee of majority rule in congress. the court system has never before entered into the senate's internal role making, and quite frankly, it is unlikely to do so now. but they're trying. the other track is in the senate. majority leader harry reid keeps threatening to change the rules. he says it will happen at the very beginning of the next congress. the ve
-- >> woody! >> a mitt romney guy. >> yeah, woody. >> that was a cringer. harry reid, come on now. >> it's not right for harry reid to kick the jets around. that's a cheap shot. we can do it. you can't. senate minority leader mitch mcconnell, you just saw him there talking on the floor, he actually found himself, well, in unusual territory thursday. he actually had to filibuster himself. >> no, no, he can't. >> yesterday, senator mcconnell brought a bill to the floor to give the president greater power to raise the debt limit without support. but harry reid called his bluff, agreeing to a straight up-or-down vote. that then forced the minority lead y leader to filibuster his own bill. >> what we have here is a case of republicans here in the senate once again not taking yes for an answer. this morning, republican leader asked consent to have a vote on this proposal, because now i told everyone that we're willing to have that vote, up-or-down vote. now the republican leader objects to his own idea, so i guess we have a filibuster his own bill, so i object. >> is there objection to the ori
for that and that shouldn't change. harry reid feels differently. and the president feels differently. >> the president is right to say this is an extreme measure and was used irresponsibly last year. just to clarify and tellyear. the viewers what you are talking about. the republicans in exchange for raising the debt limit said we'll do it but there have to be spending cuts to offset the amount of debt. >> what i don't like about the debt ceiling process is we have a process to create budget and there are congress and committees. things are supposed to go through both houses and get voatds on. i think this is going outside the democratic process. the republican numbers went down much more than barack obama's did last year. i think they have to be careful about what they are doing here. >> i think the reason simon doesn't like it is because it gives the republicans leverage to force the president to deal with the debt. the president has as much chance of succeeding as you have of getting john bolton to cry on your show. megyn: i think i can do it. a challenge? >> i bet you can. in the last 27 years, ev
. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of their committee seats for voting against party leadership in the past. but boehner finds himself in an increasingly weak position. senate minority leader mitch mcconnell refused to take a position on boehner's debt plan today. >> i have no particular observation other than i commend the house leadership for trying to move. the process along and getting to a point where hopefully we can have a real discussion. >> house democrats are cranking up the pressure. t
will be punished. but take care, harry reid says he feels bad that you have a deal with the rapid members of the tea party. so for more on the story i'm joined by dan gross the global business editor are the daily beast, and joining us from politico's arlington virginia's newsroom. thank you for joining us. >> thank you. >> great to be here. >> dan, let me begin with you. maybe you can give us a feel of why exactly the tea party republicans are upset with boehner's proposal, specifically? >> they are still under the illusion that deficits can be reduced without getting more revenues. you saw this--this has been there sort of article of faith for many years and it has been the republican orthodoxy back in 2011 when arguing with the debt ceiling and spending cuts and nothing about increased revenues, and boehner said he got 98% of what he wanted. when romney was running for office, there was not a peep until the end of the campaign. he was basically saying we could have a balanced budget amendment. we could cap spending and cut it. so their own colleagues have not told them these last many
in the process. now senate democrats want action. they want to change e. senate majority leader harry reid wants three changes to the filibuster. they would make debates public and provide a shorter timeframe for breaking filibusters. these are minor reforms and the filibuster can still be used. republican minority leader mitch mcconnell railed against the changed earlier today. he said they were an effort to marginalize the minority party. harry reid hit right back atd the gentleman from kentucky and referenced this comment senator john mccain made on monday. >> mr. chairman, i again apologized for what seems to have happened and much to my dismay it lends some credence to the argument that we ought not to do business the way that we are doing here in the the united states senate. >> senator john mccain was blaming rand paul of kentucky for holding up amendments on the defense authorization bill. in the process, mccain gave credence to filibuster reform. his comments step all over mitch mcconnell's claim. it's not an effort to marginalize the minority party. with 386 filibusters from republican
. >> somehow we found ourselves listening to harry reid. >> yeah. >> on the senate floor. >> mm-hmm. >> comparing the republican party to the new york jets. >> what? >> it's not one of my favorite teams, but it's really, really fun to watch. and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks. sanchez. he's got tim tebow. he's got a guy like mcelroy. he can't decide who their quarterback is going to be. that's the same problem the republicans are having. romney's gone, but he's still in the background. we have mcconnell, and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> richard haass, a quizical look on your face. >> normally when you play football, you don't decide the other team's quarterback. >> right. >> that's usually for the coach to decide. so why is harry reid worried about who's the quarterback on the other team, and why is he even using this metaphor to begin with? >> it's painful. stop it right now. >> this is why it's a good development. by the way, there's another interesting development with t
reid today saying that the game is at chess game, and the republicans are the jets. here is harry reid. >> he has a problem. he has three quarterbacks. he cannot decide who the quarterback is going to be. that is the same problem republicans are having. romney is gone, but he is still in the background. we have mcconnell and boehner. who is the quarterback, mr. president? gerri: what do you make of that analogy? >> well, that is a football analogy. we'll do that from time to time, but the reality is the speaker of the house is the speaker. the house is the majority republican, and if he is going to advance that way, that is probably in order. senator mcconnell is involved, i'm sure talking with boehner about these issues. he always has been, but you have to have the spokesman, somebody to talk to. the president is absent up here, and i hope he will come to the table. i hope we can avoid it, but a lot of it is going to ultimately be on the president's watch. gerri: i have to tell you, there are other people mia. most of the house is gone on vacation. the senate is spending all this time
you fog and the follicle gods. harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. rachel will be back tomorrow with great hair, as always. up next, "first look." >>> right now on "first look," terror at an. on. shopping mall as a mass gunman opens fire, killing two people. >>> north korea successfully fires a long-range rocket, defying the threat of international sanctions. >>> plus, michigan's right to work, a cosmic close shave and an update for you on that little guy, the ikea monkey in canada. >>> but first, good morning, everyone. i'm lynn berry. and the hustle and bustle of the holiday season took a terrifying turn in portland, oregon, yesterday, when a masked gunman stormed into a busy shopping mall and opened fire, killing two people, injuring another before apparently turning the gun on himself. nbc's kirk gregory has the chilling details. >> re
. as senate majority leader harry reid admitted yesterday. but in an interview with barbara walters, president obama predicted that republicans would eventually give in on taxes. >> the most important thing we can do is make sure the middle class taxes do not go up on january 1st, and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction. are you going to be able to raise taxes, yes or no? >> oh, taxes are going to go up one way or another. >> oh, they are? >> and i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. it is entirely possible for us to come up with a deal, but time is running short. >> now, the president went on to say that if republicans can move on taxes, he's prepared to do "some tough things" on the spending side. >>> controversial right-to-work measures will soon be the law of the land in michigan. republican governor rick snyder signed the measure yesterday, despite widespread protests by the labor union at the state
power structure? majority leader, harry reid. >> they can't decide what they're going to do. we have heard about the infighting going on with the house leadership, boehner is having trouble finding help from his leadership as to what they're to do. >> according to senator reid, the battle is between boehner and congressman kevin mccarthy, eric cantor, and one paul ryan. ho, ho, ho. let's get right to our panel. with me here in washington is msnbc political analyst david corn, and in new york msnbc political analyst professor michael eric dyson. david, can i start with you? the president began with, o come all ye faithful, and now we have speaker boehner singing in the bleak winter. how far does the president have to go to give boehner something that helps boehner go to his caucus and say let's just do our deal. >> you want someone to be singing "i'll be home for christmas." >> there you go. >> first, it's nice to see you in d.c. >> it's a great pleasure. >> we have this little bubble of optimism in the conventional media the past few days. although they're talking, they're not saying
of drugs has gone down dramatically. >> senate majority leader harry reid floated a rumor yesterday that speaker boehner was having a little trouble controlling members paul ryan, eric cantor and kevin mccarthy. republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first grandchild for former president bush and first lady laura. they called in to congratulate their daughter. >> fired up. looking forward to it. i'm excited for jenna and henry. i can barely contain the news when i found out so now i can tell all my buddies. >> where do you come down on spoiling grandchildren? to spoil or not to spoil? >> definitely to spoil. no doubt about it. >> kind of like we did our daughte
/50 and when they're hopeful about a deal, the dow moves higher. when harry reid says something negative, it goes down. chris: do they want a rate hike on the rich or do they like the deductions route more? >> they like the deductions route more for sure. they want a substantive deal. they would like to see the credit rating of the united states raised. chris: it's more important than the how, the fact that there is a deal. >> they absolutely want a deal but also like the cleaner tax code, these guys file tax that is look like war and peace, some have to put their taxes on dollies to file. they need a cleaner tax code. chris: how much of a price does the president have to get out of the rich in terms of increasing the rate and getting rid of deductions so he can take it back to pelosi and the liberal core of the democratic party and say i got enough? >> he needs rates to go up absolutely. he cares that much about pelosi. i think he rightly considers himself in the dominant position. chris: with the house of representatives? >> as a newly re-elected democratic president, he doesn't have t
harry reid will do. i think the republicy have boxe republicans in saying they're sitting in a circular firing squad. put the bill on the floor, take it to the senate, have that discussion and see what the president will have to say. >> çjulian, what's your reacti to that? that makes sense, doesn't it? >> i don't think it's a deal that will get anywhere. the larger deal is republican dealers thought they were making a faustian deal with the tea party and what they did was grab a tiger by the tail. it kind of exposes the phoneyness of the conservative movement because even if you consider where boehner and so-called moderates in republican party are, what they're offering, they're offering tax revenue increases most economists would agree are more harmful than what obama is proposing by raising the upper two brackets. and then this party that paraded around as the big deficit hawks, the guys that wanted to control spending, the only cuts they put on the table is playing at margins, increasing retirement age from 65 to 67 and adjusting rates for social security. this hasn't presented it
harry reid has also called republicans out for sabotaging the democratic process. now, putting this all into context, he tweeted out today, harry reid did, "i share the frustration of americans lamenting the lack of progress in negotiations to avoid a massive tax increase on middle class families. but for insight into why negotiations have been tough, consider the failure of the disabilities treaty at the hands of the tea party. those are the same republicans with whom democrats are supposed to find agreement to protect middle class families from a january 1st tax increase?" who could say it better? democrats are not being unreasonable here whatsoever. they are the party of reason right now. the people have spoken. house democratic whip steny hoyer says democrats are still willing to talk with republicans about entitlement reforms. they've been on the table for some period of time. that does not mean that i'd be prepared to adopt them now. but they're clearly, i think, on the table. republicans don't want to talk about entitlement reforms. you see, they just want the democrats to roll o
want to start with this. senator harry reid used an interesting analogy on the floor to describe the current state of the republican party. listen to this first. >> he's got a problem. he has three quarter backs, sanchez, he's got tim tebow, a guy by the name of mcilroy. he can't describe who is going to be the quarterback. that's the same problem that the republicans are having. romney is there but he's in the background. who is the quarterback, mr. president. >> hogan, what do you think? who's the quarterback? >> what a great question. i think, look, inherently the democrats have the advantage with the bully pulpit of the presidency. we don't have that out there right now. there are people who can talk about republican governance and why it's better and why we should lean towards that but until you have that, it's tough to rise to the level of the gravitas of those in the white house. this whole notion that we're some discome bob lated party, we took it on the election and there will be scrambling around after a big loss like that. but we've got some voices out there and we'll
: agree to raise taxes. >> now. his thing. mitch mcconnell tried to get the senate, harry reid to vote on the president's plan and harry reid said no. democrats are calling it a stunt. this is the president's plan we can raise taxes on rich and you don't have to cut spending and you can do all the things that he wants to do, and they don't want that to come to a vote. there might be something there. i'm thinking that might maybe make him on it and let the chips fall where they make. elections have consequences. at that right now. lou: i think we all agree about consequences. certainly. your thoughts on this? does it look to you right now like we are going to avoid this fiscal cliff? the president, but the brilliant idea? it's interesting how he does this. he initiates an ultimatum and the goes passive aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy which obviously has completely confounded republican leaders. >> yes, and the polls show that the american people are proud and -- probably going to blend republicans now matter what happens
, and here is more from the majority leader, harry reid. >> we can do things very quickly. this is not something we can do easy as far as bill drafting. until we hear from the republicans there is nothing to draft. we can get things done quickly. it will be extremely difficult to get it done before christmas but it could be done. >>reporter: other democrats are saying we will talk about negotiating the other stuff when republicans agree to increase taxes. republican johnson, a senator from wisconsin, said it is not the end of the world if we go over the fiscal cliff so stop me if you heard this before. >>shepard: and how about "text when done." for breath holding. >> another great reason to have chocolate, as if you needed another. researchers say a chemical in the beans is more effective giving cough relief than codeine in cough syrup. an ingredient in raw chocolate helps give 60 percent of patients cough relief. the doctors say it is not a cure but a bar or two of dark chock hat each day could bring relief. now, doctor, from rainbow, babies and children hospital in cleve
senator harry reid is trying to arrange a vote on the debt ceiling in the senate on the floor today at 2:00 eastern time, an hour and 15 minutes from now. this is very strange. here's what harry reid said. he said, quote, senator mcconnell made a serious offer today to me with regards to the debt ceiling, a deal on the debt ceiling. i want a vote on it this afternoon. very strange but interesting, intriguing turn of the events. dennis: if you are harry reid and you run the senate and democrats controlled the senate you do not accept mcconnell republicans's proposal unless you get the outcome you want. they want the debt ceiling raised. mcconnell doesn't offer this unless he wants the death ceiling aised to remain a big uncertainty to work out a clip. cheryl: this news from one of our producers out of washington and this is just breaking right now so we will continue to follow this news out of the ec and get more details. cheryl: dennis: we will see the dow turned around on some optimism because having democrats and republicans working together at all on anything at this point seems like
. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathyize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves, and treating the president's proposal like it's serious. >> very critical of john boehner. and demint's press release aimed squarely at john boehner. $800 billion tax hike will destroy jobs, allow washington to spend more. as you all know, john boehner put an $800 billion tax hike as a center of his proposal. so john boehner got rejected from the white house, which wants another $800 billion on top of that in tax hikes and then rejected by the right wing of his own party which wants absolutely no tax hikes at all. so unlike harry reid, i actually feel genuine sympathy for john boehner. so kudos, speake
not to filibuster it and i will announce tonight on your show that i will work with harry reid to let him pass his big old tax hike with a simple majority if that's what harry reid wants because then they will be the party of high taxes and they can own it. >> i want to ask you one quickie. your friend and mine, senator jim demint, resigning from the senate. going to take over as head of the heritage foundation. he is a great free market defender of capitalism. what do you make of jim demint leaveliing the senate? >> i think there's two ways to look t a it. the way i look at it, i've jokingly said he's going to a better place. but i really am serious about that in the sense that it's a promotion. he's going to a big microphone. we will be a national spokesman for free markets, for libertarian conservative principles, for the constitution, heritage has a great 30, 40-year history of being on the right side of these issues. i think jim demint will be a great spokesman for them. >> he said that conservatism has to spread more publicly and that's one reason he's going. he wasn't happy with the 2012 el
'm happy not to filibuster it. i will announce tonight on your show i will work with harry reid to let him pass his big old tax hike with a simple majority if that's what harry reid wants. then they will be the party of high taxes and they can own it. >> all right. without that kind of republican strategic retreat, the december 31st deadline is not likely to be met. in today's jobs report it was positive and it beat the street and stocks went up. how do we move 150,000 jobs per month up to 300,000 which would be a real recovery? first up breaking news out of the supreme court this afternoon, the nation's highest court agreed to take up the explosive issue of same-sex marriage, agreeing to hear challenges to the federal defense of marriage act and california's proposition 8. nbc's pete williams joins us now from washington with all the latest details. good evening, pete. >> reporter: good evening, larry. the vilma case is the easier one. federal law signed into law by president clinton in 1996. it says if a person is legally married in a state, the federal government can't recognize those m
senate majority leader harry reid wants to make the filibuster a, shall we say, less attractive option. s one idea is to end the silent filibuster and bring back the old talky one, which requires filibustering senators to actually speak from the floor of the senate, sometimes for an entire day or longer. >> i'm going to walk off the floor in five minutes or maybe i could stay another hour or another two hours, but if i haven't been able too reach you after 14 or 15 or whatever it is hours and if i haven't been able to instill in you and senator moynihan some sense of, my gosh, all we want to do is to have the laws applied, and if you don't give a darn about that, then don't come down here, but don't whine and moan with factories and jobs leaving this place. >> al demato, former new york senator spoke for 15 hours and 14 minutes making it the second longest filibuster speech in history. d'amato also clocked in at 23 hours and 30 minutes, the second longest filibuster. the record for the longest goes to south carolina's strom thurmond who spoke for 24 hours and 18 minutes. like everything i
in not getting these top marginal tax cuts extended. i want to play sound from harry reid this morning on the floor. you get a sense the republican resistance is theater, but there is a genuine belief they cannot extend these things. let's listen to harry reid. >> how many times is charlie brown going to try to kick that football, because we know every time he approaches that football, it will be taken away from him. we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are some time in the future going to come up with revenue. they are going to come up with raising the rates or, madam president, we are going over the cliff. >> i'm reminded of the famous george bush adage, whatever it was, fool me once, shame on you, fool me twice, it was actually shame on me. >> that's what republicans are saying exactly this, the white house has opportunities in the future in which it can raise taxes on the wealthiest and it should take those opportunities in order to get us through this crunch period. do the minimum that is possible n
. harry reidy thidthld boxer - - >> yeah harry reid boxed him into this. it's hysterical. >> stephanie: what is the boxing thing -- >> rope a dope. >> stephanie: yes, exactly. where is my story on this -- talk amongst yourselves. >> oh, okay. >> stephanie: he thought he was being so smart. i'm moving slowly -- >> look out, here it comes. >> do you need me to print it? >> stephanie: no i got it. >> oh no. what am i going to do now. >> stephanie: it was further down in the stack than i had anticipated. [♪ "world news tonight" theme ♪] >> stephanie: yes, he filibustered his own bill to lift the debt ceiling. instead they called his bluff and he ended up filibustering his own bill. ♪ you are an idiot ♪ >> stephanie: the legislation would permit the president to unilaterally lift the debt ceiling, and never before in our history has someone taken the debt ceiling hostage as something to negotiate over. >> right. >> stephanie: mcconnell brought up the legislation, harry reid objected, and then reid ran it by his members and in the afternoon agrees to hold the same
Search Results 0 to 49 of about 154 (some duplicates have been removed)